Monthly Archives: July 2010

7.9 Million Jobs Lost, Many Forever

The Obama and the Democrats have killed off 7.9 million jobs. It’s increasingly likely that many will never come back.

The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle.

“The job losses during the Great Recession were so off the chart, that even though we’ve gained about 600,000 private sector jobs back, we’ve got nearly 8 million jobs to go,” said Lakshman Achuthan, managing director of Economic Cycle Research Institute.

One of the big problems is that many of workers who have lost jobs were in industries that are not likely to recover their former strength.

“We’ve got the wrong people in the wrong place with the wrong skills,” said John Silvia, chief economist with Wells Fargo Securities. He said construction workers in California or Florida and auto workers in Michigan will have to relocate and retrain to find new jobs.

“As many as half the people who lost their jobs will have to find something else to do,” said Silvia.

Home building lost nearly 1 million jobs since the start of 2008, while the auto industry shed 300,000 manufacturing jobs due to plant closings. The finance and real estate sectors lost more than 500,000 jobs.

“Those are the areas with the biggest bubbles, and so it’s not a surprise that those are the areas with some of the biggest job losses,” said Scot Melland, CEO of Dice Holdings, a provider of specialized career web sites. “Many of the jobs we lost are never coming back.”

The nation’s working-age population grows by about 150,000 people a month. So the hole is deeper than it looks.

It would take the creation of 10.6 million jobs immediately for the same percentage of the population to be working as was the case three years ago.

Of course, it will take time to create jobs. If it takes three years, more than 3.5 million additional jobs will be needed because of continued population growth.

The unemployment rate is currently 9.5%. A return to the 4.4% rate is out of reach. The Federal Reserve, in its latest forecast, predicts that unemployment will stay around 7% or above through 2012, and in the 5% to 5.3% range in the long-run.

If You Are Looking For A Way To Make Money In This Lousy Economy, Full-Time or Part-Time, Please Check This Out

Need Money – Full or Part-Time

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/08/need-money-%E2%80%93-full-or-part-time/

Thank You, Vytautas

Barack Obama: The Great Jobs Killer

By Wayne Allyn Root

As former President Ronald Reagan might have said, “Obama, there you go again.”

The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout.

Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This “community organizer” knows as much about private-sector jobs as Pamela Anderson knows about nuclear physics.

It’s time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes — rewarding big government and big unions, while punishing taxpayers and business owners — Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI’s Most Wanted List.

Meanwhile, he has kept the union workers of GM and Chrysler employed (with taxpayer money). He has made sure that most government employee union members got their annual raises for sleeping on the job (with taxpayer money). He made sure that his voters got handouts mislabeled as “tax cuts” even though they never paid taxes (with taxpayer money). And he made sure that major campaign contributors collected billions off government stimulus (with taxpayer money).

As far as the taxpayers — the people who actually take risks with our own money to create small businesses and jobs and pay most of the taxes — we require protection under the Endangered Species Act.

You won’t find proof of the damage Obama is doing on Wall Street, but rather on Main Street. My friends are all part of the economic engine of America: Small business. Small business creates 75 percent of new jobs (and a majority of all jobs). I called one friend who was a wealthy restaurant owner. He says business is off by 60 percent. He’s drowning in debt. He won’t last much longer. His wealth is gone.

I called another friend in the business of home improvement. He says business is off 90 percent from two years ago. My contractor just filed personal bankruptcy. She won’t be building any more homes. The hair salon where I’ve had my hair cut for years closed earlier this year. Bankrupt. But here’s the clincher — ESPN Zone just closed all their restaurants across the country. If they can’t make it selling cheap food and overpriced beer with 100 big screens blaring every sporting event on the planet to a sports-crazed society, we are all in deep, deep trouble.

I’ve polled all my friends who own small businesses — many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.

The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We’ve all seen where those kinds of jobs get you as a business owner — in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself — completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.

Unfortunately, small businesses don’t have the power to impose taxes or print money. So unlike government, we’ll just have to cut employees and run lean and mean.

It has now become clear that, outside of the burgeoning field of Census takers, there will be no major increase in new jobs for years to come. Outside government, Obama has created a wasteland of economic ruin and depression that looks much like the landscape of Mel Gibson’s first movie “Mad Max.” Without a printing press in Obama’s world, you’re just plain out of luck.

The days of believing the Obama propaganda about a jobs recovery are over. The trillion-dollar corporate handouts (neatly named “stimulus”) may have kept big business in the money for the past 18 months, and artificially propped up the stock market, but small business is the real canary in the coal mine.

My small business-owning friends aren’t creating one job. Not one. They are shedding jobs. They are learning to do more with fewer employees. They are creating high-tech businesses that don’t need employees. And many business owners are making plans to leave the country. In a high-tech world where businesses can be run from anywhere, Obama has a problem. His one-trick pony — raise taxes, raise taxes, raising taxes — is chasing away the business owners he desperately needs to pay his bills.

So who is going to pay Obama’s taxes? Not his voters. They want government to pay them. Who is going to create Obama’s jobs? Not his voters — they’ve never created a job in their lives.

So what is Obama going to do? Maybe he can get Pamela Anderson on the line.

Wayne Allyn Root, a former vice presidential nominee for the Libertarian Party, writes from Henderson. His column appears every other week.

http://www.lvrj.com/opinion/barack-obama–the-great-jobs-killer-97758294.html

If You Are Looking For A Way To Make Money In This Lousy Economy, Full-Time or Part-Time, Please Take The Time To Check This Out

Wayne Allyn Root

I have posted a couple of articles by Wayne Allyn Root on this blog. I hope you have enjoyed them as much as I have. I met Wayne many years ago in Las Vegas at a convention. He has a great personality and a sharp mind. Please visit his website http://www.rootforamerica.com/. I think you will find it refreshing.

Obama Still Kissing Muslim Ass!

One Man’s Thoughts Has Moved To

http://www.patriotthoughts.com

You can read this article at:

http://www.patriotthoughts.com/2010/07/06/better-relations-with-muslim%E2%80%99s-who-brought-you-911/

Thank You, Vytautas

Bernanke Created Half of Our Money Supply

“The U.S. turned 234 years old yesterday, and yet over half of the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. No wonder gold is in a full fledged bull market . . .”

-David A. Rosenberg  Chief Economist & Strategist
Gluskin Sheff + Associates Inc.

http://www.ritholtz.com/blog/2010/07/half-of-234-years-worth/

Only A Government Bureaucrat…

by John Stossel

The chattering classes shout that the BP spill proves we need more regulation. I’ve argued no — just look at the track record of the regulators we already have. Just before the spill, they were about to nominate BP for a safety award.

This month, EPA officials outdid themselves to show why goverment should be given less, not more, authority. The Holland Sentinel reports:

New Environmental Protection Agency regulations treat spilled milk like oil, requiring farmers to build extra storage tanks and form emergency spill plans. …

“It’s just another, unnecessary over-regulation by the government just lacking any common sense,” said Bill Robb, dairy educator for Michigan State University Extension.

Why would the government make such a ridiculous demand? The EPA explanation:

EPA regulations state that “milk typically contains a percentage of animal fat, which is a non-petroleum oil. Thus, containers storing milk are subject to the Oil Spill Prevention, Control and Countermeasure Program rule …”

Only a government bureaucrat could think that would be a good idea.

http://stossel.blogs.foxbusiness.com/2010/06/28/only-a-government-bureaucrat/

House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’

by  Connie Hair

Last night, as part of a procedural vote on the emergency war supplemental bill, House Democrats attached a document that “deemed as passed” a non-existent $1.12 trillion budget. The execution of the “deeming” document allows Democrats to start spending money for Fiscal Year 2011 without the pesky constraints of a budget.

The procedural vote passed 215-210 with no Republicans voting in favor and 38 Democrats crossing the aisle to vote against deeming the faux budget resolution passed.

Never before — since the creation of the Congressional budget process — has the House failed to pass a budget, failed to propose a budget then deemed the non-existent budget as passed as a means to avoid a direct, recorded vote on a budget, but still allow Congress to spend taxpayer money.

House Budget Committee Ranking Member Paul Ryan (R-Wisc.) warned this was the green light for Democrats to continue their out-of-control spending virtually unchecked.

“Facing a record deficit and a tidal wave of debt, House Democrats decided it was politically inconvenient to put forward a budget and account for their fiscal recklessness.  With no priorities and no restraints, the spending, taxing, and borrowing will continue unchecked for the coming fiscal year,” Ryan said.  “The so-called ‘budget enforcement resolution’ enforces no budget, but instead provides a green light for the Appropriators to continue spending, exacerbating our looming fiscal crisis.”

As we reported on HUMAN EVENTS, CBO issued a dire warning about the long term outlook for the budget.

“Yesterday, the Congressional Budget Office rang the latest fiscal alarm with the release of The Long-Term Budget Outlook,” Ryan said.  “Today, Congress again hit snooze.  To avert a fiscal and economic calamity, Washington needs to wake up.”

Key points from the House Republican Budget staff on the House Democrats’ deeming resolution:

-       This is not a budget. The measure fails to meet the most basic, commonly understood objectives of any budget. It does not set congressional priorities; it does not align overall spending, tax, deficit, and debt levels; and it does nothing to address the runaway spending of Federal entitlement programs.
-       It is not a ‘congressional budget resolution.’ The measure does not satisfy even the most basic criteria of a budget resolution as set forth in the Congressional Budget Act.
-       It creates a deception of spending ‘restraint.’ While claiming restraint in discretionary spending, the resolution increases non-emergency spending by $30 billion over 2010, and includes a number of gimmicks that give a green light to higher spending.
-       It continues relying on the flawed and over-sold pay-as-you-go [pay-go] procedure. Pay-go – which Democrats have used mainly to raise taxes, and have ignored when it was inconvenient – does nothing to reduce deficits or restrain spending growth in existing law.
-       Outsourcing fiscal responsibilities. The measure is another hand-off by the Democratic Majority of Congress’s power of the purse – this time relying on the Fiscal Commission created by the President to do Congress’s job.

A full Republican Budget Committee staff analysis of the Majority’s Budget Deemer: “An Admission of Fiscal Failure

http://www.humanevents.com/article.php?id=37893

Folks, this has got to stop. We have to change this government in November. Vote these socialists aka Democrats out!

Honor Our Troops

The 70th Anniversary Of The Soviet Invasion Of Lithuania

VILNIUS – For the first time, Lithuania has so solidly marked the anniversary of the invasion of Soviet troops into Lithuania, on June 15, 1940. According to Defense Minister Rasa Jukneviviene, some 150,000-250,000 Soviet soldiers entered Lithuania on that day. On June 15, a special session was organized in the parliament to commemorate that sad day which shocked Lithuania 70 years ago. It was attended by President Dalia Grybauskaite. The next day the session was followed by conference of historians in the parliament. During both events the consequences of the Soviet invasion were emphasized.

“Now we can notice the lack of trust in democracy because the communist occupation left its traces in the people’s psyche,” Julius Sasnauskas, Catholic priest and Soviet-era political prisoner, said in the parliament adding that it is quite weird that Lithuania used to commemorate, on a state level, the first mass deportations of Lithuanians to Siberia on June 14, 1941, but the date which took place a year earlier and which caused those deportations was somewhat forgotten on the state level.

“According to scientists, if not for the Soviet occupation, Lithuania would now have five million inhabitants – the same size of population as Norway, Finland or Denmark. Lithuania’s standard of living would be the same as in those countries. There would be no such emigration from Lithuania as it is now,” Parliament Speaker Irena Degutiene said during the June 15 sitting in the parliament.

Earlier on that day, she went to the Uta village of the Varena region to pay tribute to Lithuanian border policeman Aleksandras Barauskas, who was killed by the Soviet army on that day 70 years ago. Barauskas was the first victim of the USSR’s aggression in Lithuania. He rented a flat in a wooden house just 100 meters from the border with the USSR. At 3:40 in the morning, 20 Soviet soldiers crossed the border and attacked that house where Barauskas was sleeping with his wife and children. This attack was carried out before the time limit of the USSR’s ultimatum demanding allowance for the mass entrance of the USSR’s troops ran out. The Soviet soldiers hit Barauskas’ head with a sword, and afterwards shot him. After that action, the Soviet soldiers went back to the USSR, just to return after several hours, together with a mass invasion of Soviet troops. Barauskas died when his colleagues were transporting him to a hospital. His daughter, Ona Marija Brasiuniene, took part in the commemoration of the 70th anniversary of her father’s murder in Uta. On June 15, 1940, her father had no idea about the secret Stalin-Hitler deals and the Soviet ultimatum to Lithuania.

On Aug. 23, 1939, the USSR and Nazi Germany signed the Molotov-Ribbentrop Pact, with secret clauses assigning spheres of influence in Central Europe and the Baltic Sea area. Later in 1939, the city of Vilnius was occupied by the Red Army during the Soviet invasion into Poland and the Soviet-proposed Soviet-Lithuanian Mutual Assistance Pact transferred Vilnius and one-fifth of the Vilnius region to Lithuania in exchange for stationing 20,000 Soviet troops within Lithuania. In 1940, Stalin presented the ultimatum to Lithuania. The ultimatum demanded to form a new pro-Soviet government and admit an unspecified number of Soviet troops. Lithuania accepted the ultimatum, as effective military resistance was impossible with Soviet troops already within the country.

“President Antanas Smetona was in favor of armed resistance. He was supported by Defense Minister Kazys Musteikis, Education Minister Kazimieras Jokantas and National Audit Office Chief Konstantinas Sakenis. They were in the minority and the ultimatum was accepted,” Defense Minister Jukneviciene said about the last meeting of the Lithuanian government before the Soviet invasion, at the commemoration ceremony in the village of Uta. Smetona left Lithuania immediately after that meeting, in fear that he could be forced by the Soviets to justify the occupation. Smetona died in Cleveland, USA, on Dec. 9, 1944, during a fire caused by unknown reasons in a house where he lived.

On June 16, historians from Lithuania, Latvia, Estonia and Poland presented their findings about the Soviet aggression against the Baltics. The majority of those facts are well known. However, some interesting findings still take place. For example, according to Polish historian Krzysztof Tarka, during WWII, U.S. President Franklin Roosevelt had the intention to agree officially with the Soviet annexation of Finland and the Baltic states with one condition to Stalin: those citizens of Finland and the Baltics who do not want to live under the Soviet rule should have the right to leave the USSR. However, advisers in the White House convinced Roosevelt not to do this, and the U.S., as well as the rest of Western democracies (with the exception of Sweden and Finland) never recognized the Baltics as a legitimate part of the USSR. Tarka made his finding studying documents of the diplomatic service of the Polish government, which moved to work in London when the Nazis and the Soviets divided Poland among themselves.

On June 15, Lithuanians also demonstrated that they remember not only their own history’s wounds. On this significant day, officially called in Lithuania as Occupation and Genocide Day, a square in the Uzupis district of Vilnius was officially given the name of Tibet Square. The artsy community of Uzupis was pushing the Vilnius municipality to do this for a long time, but the Vilnius municipality tried to avoid it because of fear of China’s reaction. However, the Uzupis’ bohemians were so persistent that the municipality surrendered and Vilnius Vice Mayor Gintautas Babravicius took part in the opening ceremony, enriched with various rituals of Tibetan Buddhism.

On June 15, the Lithuanian parliament, using the symbolism of the date, on the initiative of Vilija Aleknaite-Abramikiene, MP of the Homeland Union – Lithuanian Christian Democrats, made amendments in the Criminal Code stipulating criminal penalties for those publicly justifying, denying or playing down international crimes, as well as crimes committed by the USSR and the Nazis against Lithuania.

A total of 68 MPs supported the amendments to the Criminal Code. Five lawmakers voted against the bill while 32 abstained. In line with the amendments, those justifying or denying the aggression by the USSR and Nazi Germany against Lithuania, as well as cases of genocide of the Lithuanian people, and “grave crimes committed in 1990-1991 against Lithuania and its people” will face criminal prosecution. Those violating the law will face a fine or a prison term of up to two years only in case they justify, deny or play down the crimes “in an insulting way” or if such actions “result in the violation of public order.”

http://www.baltictimes.com/news/articles/26506/